The dollar fell sharply in the first trades on Tuesday (17), as investors reflected on the possibility of easing restrictions to combat Covid-19 in China, on a day of strong devaluation of the US currency abroad.
At 9:02 am Brasília time, the spot dollar dropped 0.95%, to R$ 5.0026.
On B3, at the same time, the dollar futures contract of the first maturity fell 1.14%, to R$ 5.0255.
In this trading session, the Central Bank will auction up to 15 thousand traditional foreign exchange swap contracts for the purpose of rolling over the maturity date of July 1, 2022.
In the last session, the commercial dollar maintained the downward trend observed on Friday (13) and returned to record depreciation against the real, of 0.11%, at R$ 5.052 for sale.
XP survey conducted with institutional investors released this Monday indicated that the exchange rate should remain at R$ 5.10 at the end of 2022 and 2023, compared to the projection of R$ 5.00 from the survey a month ago. The most recent Focus survey pointed to the dollar at R$5.00 at the end of 2022 and at R$5.04 in 2023.
On the other hand, the Brazilian Stock Exchange, as it happened during some sessions last week, once again clashed with global peers and ended this Monday’s session (16) higher for the fourth consecutive time.
The broad stock index Ibovespa registered an appreciation of 1.22%, trading at 108,232 points, driven by shares of commodity exporters and banks, the two most important sectors in the local market. In the year, the index starts to accumulate gains of 3.25%.
Petrobras’ common shares rose 2.81%, while preferred shares rose 0.99%, with the price of oil in the international market rising around 2.45%.
New criticisms by President Jair Bolsonaro (PL) of the state-owned company’s price policy did not influence the performance of the shares.
Vale’s shares also had significant gains in the session, of 2.99%, with an increase of around 3.6% in the price of iron ore.
While economic data from China weighed heavily on investors’ mood on a global scale on Monday, signals from the Asian giant’s government that mobility restrictions could begin to ease in the coming weeks are contributing to a rise in commodity prices.
In the financial sector, Itaú Unibanco’s shares advanced 1.05%, and Bradesco’s shares rose 1.67%. Banco do Brasil’s, on the other hand, appreciated by 0.88%, and Santander’s, by 2.57%.
The shares of the airline Gol closed up 0.69%, after the announcement of the change in command of the company. After ten years at the helm of the business, Paulo Kakinoff will hand over the baton to Celso Ferrer, who takes over on July 1.
Overseas risk aversion on weak Chinese economic data
In global markets, the second was marked by volatility, with no clear direction defined for the US stock exchanges.
The S&P 500 lost 0.39%, the Dow was close to stability, up 0.08% slightly, and the Nasdaq, with the highest concentration of technology stocks, dropped 1.20%.
The new 8.11% drop in Twitter’s shares weighed on the technology index, amid negotiations for the sale of the social network to billionaire Elon Musk.
Twitter Chief Executive Parag Agrawal said on Monday that internal estimates of spam accounts on the social media platform over the past four quarters were “well below 5%”, responding to Musk’s criticism of managing fake accounts. for the company.
Musk, who on Friday said his $44 billion deal to buy Twitter was “temporarily on hold” pending information on spam accounts, responded to Agrawal’s defense of the company’s methodology with a feces emoji.
Still in the global market, data on retail activity and industrial production in China weighed heavily on the mood of investors, which had a sharp drop in recent months due to mobility restrictions with the new wave of Covid-19 in the country.
Retail sales plunged 11.1% in April from a year earlier, the biggest contraction since March 2020, data from the National Bureau of Statistics showed on Monday.
Factory output fell 2.9% from a year earlier, defying expectations for a rise and marking the biggest decline since February 2020 as measures against the virus disrupted supply chains and brought distribution to a standstill.
with Reuters
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